Our reporter/ The Nigeria National Petroleum Company Ltd has denied reports of price adjustment for Premium Motor Spirit and Automotive Gas Oil (Diesel) at its retail stations nationwide. In a…
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Category: Economy
Report: Dangote oil refinery could accelerate European sector’s decline
Nigeria’s giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping pressure on European refineries already at…
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Palliatives: Dangote donates 80,000 bags of rice to Lagos residents
… Sanwo-Olu says Dangote prioritize Nigerians’ welfare above profit The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in…
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Security agencies after firms involved in $2.4bn forex fraud Say – CBN
Our reporter/ The Central Bank of Nigeria (CBN) has confirmed that security agencies including the Economic and Financial Crimes Commission are investigating the $2.4bn questionable foreign exchange allocations and forward…
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CBN raises interest rate to 24.75 percent
Our reporter/ The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the benchmark interest rate by 200 basis points to 24.75 percent. CBN governor…
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